Property and casualty insurance companies are organized

A) both as stock and mutual companies.
B) only as stock companies.
C) only as mutual companies.
D) primarily as cooperatives.

A

Economics

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Steel producers offer to sell steel to U.S. auto producers at a much lower price than in the past. As a result one would expect: a. no change in the supply of automobiles

b. an increase in the demand for automobiles. c. an increase in the supply of automobiles. d. a decrease in the supply of automobiles.

Economics

When a firm is operating in a price-taker market, marginal revenue is

a. equal to price. b. always less than price. c. equal to zero when the market is in long-run equilibrium. d. equal to the change in output divided by the change in total revenue.

Economics